"When Clio announced that it had acquired global legal research platform vLex for $1 billion in June, it was the latest in a series of big moves from the cloud-based practice management software company. Thanks to this deal, Clio now boasts near start-to-finish capabilities, allowing its users to rely on the platform for almost all matters relating to legal practice and law firm management. Clio can be used for intake, research, drafting, case management, communications, accounting and motion practice, and billing, among other things."
"The deal also caps a period of several years in which Clio has grown tremendously and was valued at $3 billion as of last year. It has acquired U.K.-based artificial intelligence platform ShareDo, as well as document automation software Lawyaw. Clio has even sponsored the NHL's Vancouver Canucks. It's certainly a far cry from its beginnings, when it debuted at the ABA Techshow in 2008 with just a table and some laptops and a simple banner."
"In this episode of the Legal Rebels Podcast Jack Newton, the co-founder and CEO of Clio, talks to the ABA Journal's Victor Li about what to expect from the company moving forward, as well as general issues relating to AI. He also gives a preview of the upcoming Clio Cloud Conference, which is scheduled for Oct. 16 and 17 in Boston and will feature keynote speeches from legal technology pioneer Richard Susskind, bestselling author Esther Perel and judicial reform activist JJ Velazquez."
Clio acquired global legal research platform vLex for $1 billion, expanding the platform's scope to near start-to-finish practice capabilities. The platform now supports intake, research, drafting, case management, communications, accounting, motion practice and billing. Clio reached a valuation of $3 billion and acquired U.K.-based AI platform ShareDo and document automation software Lawyaw. Clio has pursued broad brand visibility, including sponsoring the NHL's Vancouver Canucks. The company originated at the ABA Techshow in 2008 with a modest booth. Clio continues public engagement through events like the Clio Cloud Conference and appearances on the Legal Rebels Podcast covering company direction and AI topics.
Read at ABA Journal
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